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Financial statements

The core reports of a company's finances: the balance sheet, income statement, cash flow statement and statement of shareholders' equity.

The balance sheet shows what the company owns and owes on one date. The income statement shows revenue, expenses and profit or loss over a period. The cash flow statement shows cash coming in and going out. The statement of shareholders' equity shows changes in the owners' stake. Source 1

In a 10-K they're audited and appear in Item 8 with their notes and the auditor's report. In a 10-Q they're unaudited. Source 2 Source 3

Where it comes up

Sources

  1. SEC: Beginners' Guide to Financial Statements (opens in a new tab)
  2. SEC, Investor.gov: Investor Bulletin: How to Read a 10-K/10-Q (opens in a new tab)
  3. SEC, Investor.gov: Glossary: Form 10-Q (opens in a new tab)

All glossary terms